for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Concho Resources Inc

CXO

Latest Trade

51.27USD

Change

-0.35(-0.68%)

Volume

2,318,314

Today's Range

49.90

 - 

51.36

52 Week Range

33.13

 - 

93.34

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
51.62
Open
51.01
Volume
2,318,314
3M AVG Volume
53.08
Today's High
51.36
Today's Low
49.90
52 Week High
93.34
52 Week Low
33.13
Shares Out (MIL)
196.71
Market Cap (MIL)
10,085.19
Forward P/E
21.13
Dividend (Yield %)
1.56

Next Event

Q3 2020 Concho Resources Inc Earnings Release

Latest Developments

More

Concho Resources Q2 Adjusted Non-GAAP Earnings Per Share $1.13

Top U.S. shale field will 'struggle' to recover, Concho Resources says

Concho Resources Q1 Loss Per Share $47.49

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

About Concho Resources Inc

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.

Industry

Oil & Gas Operations

Contact Info

600 W Illinois Ave

MIDLAND, TX

79701-4882

United States

+1.432.6837443

https://www.concho.com/

Executive Leadership

Timothy A. Leach

Chairman of the Board, Chief Executive Officer

Jack F. Harper

President

Brenda R. Schroer

Chief Financial Officer, Senior Vice President, Treasurer

C. William Giraud

Chief Operating Officer, Executive Vice President

Travis L. Counts

Senior Vice President, General Counsel, Corporate Secretary

Key Stats

1.79 mean rating - 33 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

2.6K

2018

4.2K

2019

4.6K

2020(E)

3.4K
EPS (USD)

2017

2.090

2018

4.590

2019

3.050

2020(E)

3.093
Price To Earnings (TTM)
--
Price To Sales (TTM)
2.68
Price To Book (MRQ)
1.27
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
49.96
LT Debt To Equity (MRQ)
49.96
Return on Investment (TTM)
-53.33
Return on Equity (TTM)
-50.32

Latest News

Latest News

UPDATE 2-Shale producer Concho posts bigger Q2 loss on virus-induced oil rout

U.S. oil and gas producer Concho Resources Inc posted a bigger quarterly loss on Wednesday, hurt by a sharp decline in crude prices as the COVID-19 pandemic hammered global demand for the commodity and its refined products.

Shale producer Concho second-quarter loss widens

U.S. oil and gas producer Concho Resources Inc reported a bigger quarterly loss on Wednesday, hurt by lower crude prices as the COVID-19 pandemic hammered global demand for crude oil and refined products.

Shale producer Concho takes $12.6 billion charge, cuts 2020 spending again

Concho Resources Inc reported a bigger first-quarter loss on Thursday, hurt by a $12.6 billion impairment charge and the oil producer said it would further cut its annual spending following the rout in oil prices.

Concho Resources cuts annual capital spending by 25%

Oil and gas producer Concho Resources Inc <CXO.N> said on Tuesday it has reduced its capital expenditure for 2020 by about 25%, becoming the latest North American shale producer to be hit by lower oil prices.

BRIEF-Concho Resources Inc Says CEO Timothy Leach's FY 2019 Total Compensation Was About $13.0 Million Versus $13.3 Million In FY 2018

* CONCHO RESOURCES INC SAYS CEO TIMOTHY LEACH'S FY 2019 TOTAL COMPENSATION WAS ABOUT $13.0 MILLION VERSUS $13.3 MILLION IN FY 2018 - SEC FILING

Concho, Devon to spend less in 2020 as investors press for returns

Shale producers Concho Resources Inc <CXO.N> and Devon Energy Corp <DVN.N> reined in spending plans for the year as investors try to save cash in the backdrop of weak oil and gas prices.

Concho Resources adjusted profit rises 9% on higher production in Permian basin

Concho Resources Inc posted a 9% rise in fourth-quarter adjusted profit on Tuesday, as the U.S. oil and gas producer stepped up output from its Delaware and Midland basins.

Concho Resources misses profit estimates on lower natural gas and crude prices

U.S. oil and gas producer Concho Resources Inc on Tuesday missed Wall Street estimates for adjusted profit for the fourth straight quarter, dragged down by natural gas and crude prices.

Concho Resources adjusted profit more than halves

U.S. oil and gas producer Concho Resources Inc's adjusted profit more than halved in the third quarter from a year ago, dragged down by natural gas and crude prices.

Concho Resources to sell strip of New Mexico assets for $925 million

U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico assets for $925 million to KKR-backed Spur Energy Partners LLC and plans to use the money to lower its debt and buyback shares.

Concho Resources to sell New Mexico assets for $925 mln

U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell its New Mexico assets for $925 million to an affiliate of privately-held Spur Energy Partners LLC.

Whiting Petroleum posts surprise quarterly loss, cuts 33% workforce

Oil and gas producer Whiting Petroleum <WLL.N> on Wednesday reported a surprise quarterly loss, announced a 33% job cut and asset sales as a lack of natural gas infrastructure hits prices.

Concho Resources profit falls 25% on lower crude, gas prices

U.S. oil and gas producer Concho Resources <CXO.N> reported a 25% fall in quarterly profit on Wednesday, dragged down mainly by lower crude and natural gas prices.

Concho Resources misses profit estimates, shares fall

Concho Resources Inc reported quarterly profit that missed Wall Street estimates on Tuesday, sending shares of the shale firm lower in after-hours trading.

Concho Resources misses profit estimates, shares fall

Concho Resources Inc reported quarterly profit that missed Wall Street estimates on Tuesday, sending shares of the shale firm lower.

BRIEF-Concho Resources Says On May 17, Board Increased Size Of Board By One Member

* CONCHO RESOURCES SAYS ON MAY 17, BOARD INCREASED SIZE OF BOARD BY ONE MEMBER - SEC FILING Source http://bit.ly/2KzQuPU Further company coverage:

BRIEF-Concho Resources Q1 Earnings Per Share $5.58

* Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.00 EXCLUDING ITEMS

BRIEF-Concho Resources Says Chairman & CEO Timothy Leach's FY 2017 Total Compensation Was $12.2 Mln Vs $10.8 Mln In FY 2016

* CONCHO RESOURCES SAYS CHAIRMAN & CEO TIMOTHY LEACH'S FY 2017 TOTAL COMPENSATION WAS $12.2 MLN VS $10.8 MLN IN FY 2016 - SEC FILING Source text: (https://bit.ly/2GBk2in) Further company coverage:

U.S. shale producer Concho offers $8 billion for rival RSP Permian

U.S. shale producer Concho Resources Inc on Wednesday agreed to buy rival RSP Permian Inc in an $8 billion all-stock deal that could trigger a wave of consolidation in the fast-growing Permian Basin oilfield.

BRIEF-Concho Resources Says Upon Deal Termination With RSP Permian, Co To Pay RSP A Fee Of $350 Million

* CONCHO RESOURCES SAYS UPON DEAL TERMINATION WITH RSP PERMIAN UNDER SPECIFIED CIRCUMSTANCES, CO TO PAY RSP A FEE OF $350 MILLION - SEC FILING

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up